Frasers Property Limited (the "Company" and together with its subsidiaries, the “Frasers Property Group”) wishes to announce that liquidators have been appointed for:
(i) Blitz 17-22 GmbH (“Blitz 17-22”), an indirect wholly-owned subsidiary of the Company incorporated in Germany; and
(ii) Geneba RE 1 Haßmersheim GmbH & Co. KG (“Geneba RE 1”, together with Blitz 17-22, the “Germany Subsidiaries”), an indirect wholly-owned subsidiary of the Company incorporated in Germany.
The German subsidiaries are being voluntarily liquidated as they are no longer active in carrying on their business activities.
The liquidation of the German subsidiaries is not expected to have any material impact on the net tangible assets or earnings per share of the Frasers Property Group for the current financial year.